Yet to call the NFA about this, but if less than 30% of my portfolio is allocated to futures, and the rest is cash FOREX...would that require me to register with the NFA and have to become a CTA? What other exemptions does the NFA have to register? I know if you do not hold yourself out as a pro and/or manage only accredited investors...I think you do not have to register. Basically, I manage a small LP with one other investor...looking if we grow this and bring in more investors and start a LP fund structure, would I be under the scrutiny of the NFA or just have basic state registrations and that's it.
http://www.nfa.futures.org/NFA-compliance/NFA-futures-commission-merchants/forex-registration-overview.HTML
Thanks! Looks like I will have to register no matter what then....if going the route of a CPO. Was hoping to just be able to do a basic LP fund structure and state registrations